July 4th and Other Paid Holiday Trends

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July 4th and other Paid Holiday Trends

With July 4th nearly upon us, it is interesting to note that 4% of the 164 participating Northeast Ohio organizations in the 2014 Holiday Survey will be extending the already long-weekend by granting their employees additional paid holiday time-off, i.e., either a full or half day off on Thursday, July 3rd.

Other summer time-off that is approaching at a small proportion of local manufacturing organizations is a summer shut-down. Of the 74 manufacturing companies that participated, only 5 reported closing their doors for an (unpaid) summer shut-down. Although summer shut-downs are on the decline in recent years, those that do take place tend to fall during the first 1-2 weeks of July.
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Most Employers Planning to Provide Paid Holiday on Monday

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According to the 2011 ERC Paid Holiday Survey, most Northeast Ohio employers (99%) planned to provide their employees with a paid day off on July 4th, 2011 in observance of Independence Day. 

Monday appeared to be the only day that most employers provided off for the upcoming holiday. In the survey, only 4% of employers planned to provide an additional day off on Tuesday, July 5th, and only 3% of employers planned to provide an additional day off on Friday, July 1st. This trend was consistent across manufacturing, non-manufacturing, and non-profit organizations as well as across employers of various sizes. 

The trend in 2011 is clearer than the preceding years, where more employers opted to provide Friday off in addition to or instead of Monday (or vice versa) when July 4th fell on a weekend day.